ASSOCHAM National E-Summit on Surety & Guarantee Bonds

The ASSOCHAM applauds Government decision to allow surety bonds substitute for bank guarantees in government procurement. The insurance regulator, IRDAI, has come out with a framework for development of surety insurance business in the country, which will come into effect from April 1, 2022, that allows Indian general insurers to commence surety insurance business. This a big boost to project financing with overall improvement in project viability. The Chief Guest for the Event is Shri Manoj Kumar, Member (Projects), National Highways Authority of India & the Special Address will be given by Shri Santosh B Nayar, Chairman & Independent Director, Reliance Nippon Life Insurance Company Ltd. & Shri Richard Wulff, Executive Director, International Credit Insurance & Surety Association.

Key Areas Of Discussion:-

• How Sureties Can Help The Infra And Construction Industry With A Minimum Funding Requirement.
• Impact Of Final Guidelines For Surety Business In India.
• How Surety Will Help Of Efficient Use Of Working Capital & Manage Construction-Related Risks To The Infra Sector.
• Role of New Norms By IRDA To Foster Robust Ecosystem & Prevent Contagion.
• Sureties Help With An Effective Price Discovery For The Government Project Due To Higher Participation.
• Fair Opportunity For Mid-Sized Contractors To Participate In Big Projects Due To Lower Requirement Of Funding.
• Challenges, Opportunity In Surety & Guarantee Bond (SGB) & The Way Forward.

On behalf of the ASSOCHAM National Council for Banking, we would like to cordially invite you for this highly and important knowledge sharing session for your valuable inputs.  In addition to that, we request you to kindly share relevant Questions to be asked during the session.